After breaking into the NHL with the Colorado Avalanche in 2009 on a two-way contract, Hendricks has finally inked himself to his first career one-way deal. The signing caps off a productive week for the 29 year-old. Blaine High School — Hendricks’ alma mater — retired his former number 10 jersey over the weekend.

Concerning Hendricks’ contract itself, it provides a good value to the Capitals with little downside. We can evaluate the deal using the Goals Versus Salary (GVS) metric, which measures a player’s offensive and defensive contributions in goals relative to what the team should expect given the player’s salary.